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ING's week-ahead FX outlook expects the dollar to trade neutrally with the DXY near 92.93 and a range of 92.2 to 93.5. It says markets have largely priced in a Biden win, and that a 35% annualized third-quarter GDP rebound is expected.
It also flags the ECB's possible QE extension and China's Five-Year Plan.
Dollar direction affects dollar-priced grain and oilseed values and import affordability for feed buyers. The outlook is a neutral forecast, so it points to no clear price direction.
think.ing.comFrancesco Pesole, Chris TurnerOct 23, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
